Brambles (OTCMKTS:BXBLY) Stock Rating Upgraded by Zacks Research

Brambles (OTCMKTS:BXBLY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised shares of Brambles to a “neutral” rating and set a $19.34 price objective for the company in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Brambles presently has an average rating of “Hold” and a consensus price target of $19.34.

Brambles Stock Down 0.1%

Shares of BXBLY opened at $27.14 on Monday. The business’s fifty day moving average price is $26.11 and its 200 day moving average price is $30.08. Brambles has a 12-month low of $22.70 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.